Question

on what sum of money will cl for 2 years at 5% p.a amount to rs 164 a) 100 b)3200 c)2000 d)1500​

Answer 1

Answer:

b is the correct answer

hope this will help u

Answer 2

Answer:

ey here is your answer

Heya ☺

Given that

C.I. = ₹164

R = 5 % p.a.

T = 2 years

P = ?

Solution

When the interest is compounded annually.

C.I. = P{(1+R/100)^n - 1}

=> 164 = P{(1+5/100)^2 - 1}

=> 164 = P{(100+5/100)^2 - 1}

=> 164 = P{(105/100)^2 - 1}

=> 164 = P{(21/20)^2 - 1}

=> 164 = P{441/400 - 1}

=> 164 = P{441 - 400/400}

=> 164 = 41P/400

=> P = 164 × 400/41

=> P = ₹1,600

Thanks

make sure it brainliest please

Step-by-step explanation: